ARMONK, N.Y.--(BUSINESS WIRE)-- Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a reinsurance MGU, Xchange Re Underwriting Agency, LLC (“Xchange Re”)...
Jan
17
Jan
06
1/6/2023 ARMONK, N.Y.--(BUSINESS WIRE)-- Xchange Benets LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a protected cell company named Distribution Re. Xchange-Benefits-Launches-Tennessee-Captive-Insurance-Company-Distribution-Re-2023
Jan
03
1/3/2023 NEW YORK--(BUSINESS WIRE)-- Ambac Financial Group (NYSE: AMBC), a financial services holding company whose subsidiaries include Ambac Assurance Corporation (“AAC”), today announced that on December 29, 2022, AAC entered into a Settlement Agreement and Release (the “Settlement Agreement”) with Nomura Credit & Capital, Inc. (“Nomura”) to settle its RMBS... read more →
Nov
08
NEW YORK, NY, November 8, 2022 (BUSINESS WIRE) -- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "AFG"), a financial services holding company, today reported net income attributable to common stockholders of $340 million or $7.41(1) per diluted share and adjusted earnings(2) of $338 million or $7.37(1) per diluted share... read more →